The Business Times, 2 October 2012

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Total Pages: 34
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, October 2, 2012
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  • 703 1  -  Container shipping ops to be consolidated there; city terminals’ land to be freed up By LYNN KAN [SINGAPORE] In about 10 years’ time, Singapore will begin transhipment port activities from a very different location: in Tuas, close to the Republic’s industrial heart and also
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,057.86 (-2.48) HST INDEX FUTURES 3,058.00 (-3.00) HSIMSCI 351.30 (-0.10) HSIMSCI FUTURES 351.60 (-0.40) US$ S$ US$ (S$ per US$) 1.230 (US$/S$ per 1.614 1.985 EURO (US$/S$/€) 1.287 1.582 Foreign currency per US$ S$ YEN 77.90 63.40 RM 3.065 2.492 HK$ 7.754 6.305 BAHT 30.80 25.05 RUPIAH
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    • 46 1 Monday Change KL COMP 1,643.31 +6.65 NIKKEI 225 8,796.51 -73.65 HANG SENG Closed SET INDEX 1,299.71 +0.92 JAKARTA COMP 4,236.29 -26.27 MANILA COMP 5,308.52 -37.58 SEOUL COMP Closed SHENZHEN B Closed MUMBAI IND 18,823.91 +61.17 12 noon EDT Change DOW 13,578.58 +141.45 NASDAQ 3,129.44 +13.21
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.493 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • 752 1  -  Staff questioned as firm promises to honour obligations By GENEVIEVE CUA [SINGAPORE] Genneva Pte Ltd, the gold trading company that has been the subject of a literal run by its customers, is under investigation by the Commercial Affairs Department (CAD) for alleged “financial improprieties”.
    PHOTO: ARTHUR LEE  -  752 words
  • Page 1 Advertisements
    • 101 1 JAPANESE ECONOMY Noda picks new finance chief on eve of IMF meet PAGE 20 COMMENTARY Urbanisation woes of Asia PAGE 27 BT’S 36TH ANNIVERSARY Get a piece of Hilton cheesecake page 13 SME Inc An app to analyse video content Delivering on its promises I PAGE 14 In search of
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    • 10 1 PROPERTY London top destination of S’pore investors: survey PAGE 33
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  • TOP STORIES
    • 349 2 S’pore shipping heart headed for Tuas IN about ten years’ time, Singapore will begin transhipment port activities from a very different location: in Tuas, close to Singapore’s industrial heart and also international shipping lanes. All of Singapore’s container port activities will be consolidated in a new Tuas Port
      349 words
    • 910 2  -  Q3 flash estimate shows home prices inch up 0.5% after rising 0.4% in Q2 By KALPANA RASHIWALA [SINGAPORE] The jury is out on just how private home prices will fare next year, after the Urban Redevelopment Authority’s third-quarter flash estimate shows a
      Source: URA  -  910 words
    • 616 2  -  PMIs of China, Japan Taiwan, Vietnam paint a grim picture By TEH SHI NING [SINGAPORE] Asia’s manufacturing slump persisted in September as monetary stimulus launched by major central banks has yet to boost flagging export demand from the US and Europe. Purchasing managers’ indices (PMI)
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    • 690 2  -  By VICTORIA HO in San Francisco IT looks like Oracle’s eyeing the com-puting-on-tap market, and has just gotten very serious about it. The world’s largest enterprise software company will start selling computing and storage resources on a utility model. This puts it directly in
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    • 652 4  -  Better efficiency, capacity and cost control boost industry resilience By VEN SREENIVASAN [SINGAPORE] The outlook for global airlines is slightly better this year, thanks to improving operational efficiency, strong travel demand and the fact that fuel price has not risen as dramatically as expected earlier.
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    • 638 4  -  By CAI HAOXIANG [SINGAPORE] Amid a spate of risk management failures and accounting scandals, rules are not enough to ensure high standards of corporate governance in companies, the head of Singapore’s financial regulator said yesterday. Instead, Singapore needs to “create the conditions for good
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    • 786 4  -  By KALPANA RASHIWALA [SINGAPORE] Price gains in the public housing resale market is picking up momentum again. A 2 per cent quarter-on-quarter hike in Housing Development Board’s resale flat price index lifted it to a fresh record in Q3. This is
      Source: HDB  -  786 words
    • 829 4  -  By GRACE LEONG [SINGAPORE] In a surprise move yesterday, prosecutors substituted the oral testimony that Cecilia Sue Siew Nang gave in court with statements that she had given the CPIB on whether she had a previous relationship with former Central Narcotics Bureau
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    • 470 4  -  By LYNN KAN [SINGAPORE] Kwek Leng Joo may make more newspaper headlines as a property tycoon and managing director of City Developments Ltd, but it is his photography chops that will touch the lives of underprivileged children. He has donated 18 of his photographs of rare
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  • Page 3 Advertisements
    • 155 3 Picked out the season’s latest looks Dined with friends at my favourite French spot. Revved up more rewards at tl >etrol pump. Arrived at the boarding gate in a private buggy. S Maybank World MasterCard For those who demand the world “188 AARON X wlo B L D 12 <
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  • COMPANY NEWS
    • 837 6  -  HOCK LOCK SIEW By R SIVANITHY HOW best to allocate shares in an initial public offer (IPO) is a sensitive issue which has no clearcut answers at least, none that would satisfy everyone. If, for example, a listing is “hot” and the market is
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    • 636 6  -  Consortium to hold 70% stake in $1.3b mixed-use project By NISHA RAMCHANDANI PERENNIAL China Retail (PCR), a wholly-owned subsidiary of Perennial China Retail Trust (PCRT), is developing a mixed-use project in Beijing’s Tongzhou district as part of a consortium which
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    • 630 10  -  Move would connect destinations in Australia to selected cities in S-E Asia By VEN SREENIVASAN SINGAPORE Airlines’ CEO had suggested it and the market had been widely expecting that it would happen. Finally, SIA’s long haul budget carrier Scoot and short haul associate Tiger
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    • 411 10  -  1.92b yuan purchase is in joint venture with China firm By LEE MEIXIAN METRO Holdings has acquired a mixed development site in the new central business district area of Nanchang, Jiangxi province, China, for 1.92 billion yuan (S$375 million), together with Hong Kong-list-ed
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    • 222 10 DESMOND Kuek has officially taken over as president and chief executive of SMRT Corp. The 49-year-old former permanent secretary and chief of Defence Force spent his first day at work yesterday at the stations and in trains and buses, meeting management staff, station
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    • COMPANY BRIEFS
      • 58 10 CACOLA Furniture International said its audit committee has secured custody of the furniture maker's authorisation seal, which is required for any transfer of funds from the company's non-operational cash account. Independent auditors Ernst Young in August raised concerns about the existence of cash balances and anomalies
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      • 60 10 HARD disk drive component maker Broadway Industrial Group said a deadline to complete a proposed RM50.8 million (S$20.3 million) acquisition of a 70 per cent stake in Millennium Arena has lapsed with some conditions still unmet. This is despite gaining shareholder approval yesterday for the deal.
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      • 26 10 EZRA Holdings has won a US$47 million contract to transport and install facilities for the Dua subsea field in Vietnam.
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      • 55 10 SEMICONDUCTER firm STATS ChipPAC Ltd has reached a US$26.7 million property damage insurance settlement with its insurers, as compensation for damage to plant and equipment from the flooding of its facility in Thailand. The business interruption insurance claim it submitted in March 2012 is still
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    • 584 10  -  It also appoints two IDs from its Australian affiliates By TEO SI JIA LIONGOLD Corp has secured two takers for its 42 million private share placement to raise $44.39 million. DMG Partners Securities will subscribe for 22 million shares to
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    • 464 12  -  It is paying $4m for Tonkin Recycling, which owns Aton Sludge Treatment By JASMINE NG METECH International is buying Tonkin Recycling the holding company of Aton Sludge Treatment (Jiangyin) for $4 million in a bid to restart its operations in China. Aton
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    • 530 12 A$1.01b offer is too low and conditional: iron ore producer Bloomberg Reuters [MELBOURNE] Arrium Ltd, the Australian iron ore producer previously known as OneSteel Ltd, rejected an A$1.01 billion (S$1.3 billion) bid led by Singa-pore-listed commodities firm Noble Group and Posco Australia, saying
      Bloomberg; Reuters; BT FILE PHOTO  -  530 words
    • 793 12  -  COMMENTARY By JONATHAN ROGERS BOND bankers at Goldman Sachs and DBS showed themselves to be true men of letters last week. In the case of DBS, the Singapore bank’s letter of credit helped it close a rare sole mandate on a US
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  • Page 7 Advertisements
    • 383 7 b m E= 7 V BL i > 5SSSS >4 Wr* m A X i 7 Maybank World MasterCard For those who demand the world i Maybank 1 Srhnii lii J- i aaroJJ n Mas W WORLD Enjoy 197% petrol discount There are high performance fuels for your car. And
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  • SINGAPORE MARKETS
    • 600 8  -  HK, China’s closure robs market of direction; STI ends off intraday low, thanks to Europe opening STOCKS R SIVANITHY Senior Correspondent EUROPE’S firm opening helped lift the Straits Times Index (STI) yesterday off its intraday bottom of 3,043 to a final reading of 3,057.86, a
      Source: Bloomberg  -  600 words
    • 65 8 Oct 1 VALUE CLOSE BT OB/OS -14.00-135.00 BT CADI -*****.00 +23.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 738.60 +0.76 FTSE ST Small Cap 499.99 +1.72 FTSE ST All Share 747.74 -0.21 FTSE ST China Top 202.20 +0.13 FTSE ST China 219.97 +0.26 FTSE ST
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    • 54 8 VOLUME Ntegrator 151,349,000 AusGroup 88,902,000 Yoma 62,727,000 Golden Agri 51,409,000 Thai Beverage 48,734,000 IPCO Intl 43,928,000 UPP 33,704,000 GSH Corp 32,284,000 Interra 30,099,000 Qingmei 28,250,000 VALUE($) DBS Grp 62,710,605 AusGroup 48,010,500 SingTel 42,780,997 Golden Agri 33,501,190 Yoma 31,965,610 LionGold 28,905,135 Keppel Corp 28,748,200 OCBC Bk 26,919,742 Wilmar
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 50 44 36 6 8 9 56 52 45 Commerce 26 17 22 2 5 3 28 22 25 Tpt/Stor/Comms 14 16 9
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    • 890 8  -  Compiled by CAI HAOXIANG Banking Sector DMG Partners Research, Oct 1 AUGUST business loans’ growth of 3 per cent month-on-month is more than double that of consumer’s 1.3 per cent. This is largely the consequence of an unexpected 21 per cent month-on-month surge in manufacturing loans, which account
      Source: Bloomberg  -  890 words
    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,831 26,831 64,522 64,522 Manufacturing 336,667 42,678 379,345 181,467 1,856 183,323 Commerce 118,599 6,529 125,128 63,071 562 63,633 Tpt/Stor/Comms 61,033 25,643 86,676 94,922 8,126 103,048 Finance 25,164 1,328 26,492 119,585 608 120,193 Construction 143,044 747
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    • 106 8 Stock name Close Change CapMallsAsia 1.645 -0.005 CapitaLand 3.170 -0.010 CapitaMall 2.020 CityDev 11.660 -0.080 ComfortDelGro 1.680 -0.035 DBS Grp 14.330 -0.060 F&N 8.900 +0.020 GLP 2.510 Genting SP 1.370 Golden Agri 0.660 HK Land 6.030 +0.020 IHH Healthcare 1.285 JMH 56.200 -0.700 JSH 33.650 -0.270
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    • 436 8 CURRENCIES Reuters [NEW YORK] The euro rallied from three-week lows against the US dollar yesterday as eurozone manufacturing data came in less grim than expected, although gains were limited by concerns about a possible credit rating downgrade for Spain. Data showed France’s manufacturing
      Reuters; PHOTO: REUTERS  -  436 words
    • 115 8 BY CENTS CLOSE UP Lyxor AsiaCS 10US$ 5456 266.8 4.1 Lyxor MS India 10US$ 1413 100.8 6.2 DBXT MSAsExJp 10US$ 3146 38.1 1.0 OCBC Bk 5.1%NCPS 100 ***** 34.0 0.3 Lyxor India Nifty 10 1360 30.0 2.3 Atlantic 63.5 27.5 76.4 DBXT DBLCI-OY 5US$ 4047 23.4 0.5 CIMBASEAN40 100S$D
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    • 125 8 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -355.4 -1.3 DBXT E50 10US$ 3699 -166.0 -3.5 DBXT MSEurope 10US$ 4458 -103.3 -1.8 GLD 10US$ ***** -97.1 -0.5 JMH 5620 -86.1 -1.2 DBXT MSJAP 10US$ 3506 -46.7 -1.1 DBXT FTVietnam 10US$ 1994 -35.7 -1.4 JSH 3365 -33.2 -0.8 Asia Pac
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 27 9 ONLY BY UNDERSTANDING THE PAST ARE YOU ABLE TO BUILD FOR THE FUTURE. For generations of wealth management, Coutts. coutts.com A INVESTMENT MANAGEMENT PRIVATE BANKING WEALTH PLANNING
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  • Page 10 Advertisements
    • 158 10 tft* KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAOTRITROY INVESTMENT PTE. LTD. (CO.REG.NO. *****3118W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act,
      158 words
    • 153 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SWIFTPOST PTE. LTD. (F.K.A. Singapore Movers Pte. Ltd.) (CO.REG.NO. *****0099K) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final
      153 words
    • 148 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MIRAE ASSET GLOBAL INVESTMENTS (SINGAPORE) PRIVATE LIMITED (CO.REG.NO. *****0683M) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting
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    • 154 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUILDFOLIO TECHNOLOGIES PTE. LTD. (F.K.A. Buildfolio.com Pte. Ltd.) (CO.REG.NO. *****2939W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final
      154 words
    • 203 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NCAP13 (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****8342N NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovenamed Company will
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    • 161 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEW WORLD PACKAGING PTE. LTD. (f.k.a. GD Emballages Pte. Ltd.) (Co. Reg. No. *****7782E) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter
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    • 219 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KEW REGENCY PTE LTD Company Registration No. *****1479Z (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the member of
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    • 168 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KOMATSU FORKLIFT ASIA PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3408M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the Final Meeting of
      168 words

  • Page 11 Advertisements
    • 272 11 m THE STORY THAT NEVER END STARTS HERE LEEDON RESIDENCE A FREEHOLD LUXURY DEVELOPMENT IN DISTRICT 10 Located within the Good Class Bungalow enclave, Leedon Residence is yours to call home. Live amidst five hectares of lush greenery, where manicured foliage paves the way to a 200m nature trail. Designed
      272 words

  • Page 12 Advertisements
    • 933 12 (Incorporated in Singapore on 9 January 2003) (Company registration no. *****0326D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Net Pacific Financial Holdings Limited (the “Company”) will be held at 1 Robinson Road, #18-00 AIA Tower, Singapore *****2 on 29 October 2012 at
      933 words
    • 197 12 In this seminar, you will learn the methods and steps to construct your own profitable yet sound “DIY” portfolio. You will learn how to get trading ideas using the market scanners, analyse the stocks in the result list using the different financial ratios and from there, create your own investment
      197 words
    • 180 12 Have a slice on us We’re 36 and want to celebrate with you! Present this copy of The Business Times at Hilton Singapore’s Checkers Deli for a complimentary slice of this celebrated cheesecake. The first 360 readers to do so today and each work day this week will be treated
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  • SINGAPORE NEWS
    • 320 13  -  He cites high level of commitment and support from company leadership By ZEINAB YUSUF SAIWALLA A HIGH standard of maintenance culture and service attitude must be enforced among amusement park ride operators, hotels, hospitals and train operators said Minister for National Development Khaw
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    • 133 13 HILTON Singapore’s F&B head Erik Guluta posing with the hotel’s celebrated cheesecake for good reason. In conjunction with The Business Times’ 36th anniversary, the hotel is giving out 360 slices of this confection every day this week. To claim one, readers have
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    • 411 13  - Villa Des Flores up for collective sale with $1 65m price tag By FELDA CHAY VILLA Des Flores, a freehold development sitting along Whitley Road, is being relaunched for collective sale by tender with its asking price of $165 million unchanged from its previous launch in June. Marketing agent DTZ
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    • 302 13 A BANK, a school and an electronic products maker are this year’s recipients of the President’s Award for the Environment, the highest accolade of its kind here. The bank is HSBC Singapore; the school, Marsiling Secondary; and the electronics manufacturer, Panasonic Asia
      302 words
    • 357 13  -  He will leave admin service and replace Moses Lee By KENNETH LIM THERE will be a new chief tax collector next month in a series of senior personnel changes in a number of government bodies. Current permanent secretary of defence development and
      357 words
  • Page 13 Advertisements
    • 430 13 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES CLA/FEBII/g fev V Distinguished hers Lecture Series Ambassador Chan Heng Chee ASEAN and Singapore in Washington Singapore Chinese Chamber of Commerce Industry is proud to present the sixth in our Distinguished
      430 words

  • SME Inc
    • 841 14  -  Vadaro’s software allows users to search, classify and catalogue video and images, reports JASLENE PANG reportsJASLENE JASLENE PANG WITH Vadaro’s Video Analytics and Computer Vision software, computers can now not only capture and store video and images in some form, but also “see, extract
      841 words
    • 1636 14 Supply chain management and logistics provider YCH Group has grown from a small family firm to a major regional player but hasn’t forgotten its roots FROM small beginnings as a local, family-oriented transport company in 1955, YCH Group has evolved into a sophisticated pan-Asian logistics and
      PHOTO: FILE  -  1,636 words

  • PRODUCTIVITY MATTERS
    • 1125 15  -  While Singapore’s food industry enjoys a strong reputation here and overseas, companies in the sector still have much to do to create value, reports FELDA CHAY FOOD MANUFACTURING reportsFELDA reportsFELDA CHAY SINGAPORE is a foodie’s heaven but behind the scenes, things are a little
      FILE PHOTO; Source: EDB, 2010  -  1,125 words
    • 658 15 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Companies can get up to 50% co-funding for automation, equipment, process re-engineering and training costs
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  • MALAYSIA/INDONESIA
    • 523 16  -  But some express caution over consolidated public budget deficit MALAYSIAN BUDGET 2013 By S JAYASANKARAN in Kuala Lumpur THE budget unveiled by Prime Minister Najib Razak has stirred mixed feelings. While almost all economists acknowledge that it will boost domestic consumption and thus propel
      PHOTO: BLOOMBERG  -  523 words
    • 421 16  -  No sign of any intention to address basic economic issues, say equity investors By PAULINE NG By in Kuala Lumpur EQUITY investors appeared nonplussed by the national Budget unveiled last Friday, with many perceiving it to be more of an election sweetener rather
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    • 437 16 Trade imbalance is sign of slowing Q3 growth Reuters [JAKARTA] Indonesian exports and imports fell the most in three years in August, suggesting weakening third-quarter growth for South-east Asia’s biggest economy that is likely to lead the central bank to keep benchmark interest rates
      Reuters  -  437 words
  • Page 16 Advertisements
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  • GREATER CHINA/INDIA
    • 832 17 Funding capacity fails to keep pace with swift growth in pension coverage Reuters [QINGHAI, LEDU COUNTY, China] Eighty-year-old Chinese farmer Guo Shuhe receives a state pension equivalent to just US$9 a month, not enough to buy a month worth of groceries, but enough it
      Reuters; PHOTO: REUTERS  -  832 words
    • 495 17 Selling of personal items lifts gold recycling trade Reuters [MUMBAI] Laxmibai Karanure, 55, sifts through the heavy bangles and necklaces that make up her life savings, working out which pieces to sell from the 100 grammes of gold she holds to tide
      Reuters  -  495 words
  • Page 17 Advertisements
    • 256 17 DBS/POSB CREDIT CARDMEMBERS moo CASH REBATE ft OCT tu WHEN YOU PURCHASE YOUR DREAM WATCH AT THE HOUR GLASS. Exclusively for DBS/POSB Credit Cardmembers when you purchase any timepiece from 13 September to 7 October 2012. 12 or 24-month 0% Instalment Payment Plans available. Check in-store for more details. The
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  • ECONOMY WATCH
    • 613 18 Majority polled say emerging middle class is fuelling demand for gadgets Reuters [NEW YORK] Most US high-tech companies expect to export more cell phones, tablets and other electronics over the next two years to growing mid-dle-class populations in developing nations, citing free trade pacts
      Reuters  -  613 words
    • 516 18 Reuters [SEOUL] Trade powerhouse South Korea said its exports and imports both fell in September from a year earlier, although not as sharply as markets had expected, supporting expectations the Bank of Korea will cut interest rates at a review next week. South
      Reuters; PHOTO: REUTERS  -  516 words
    • 404 18 Reuters [BANGKOK] Thailand’s headline inflation rate rose more than expected in September but that was partly due to a low base last year, so the central bank is unlikely to change its stance of leaving policy on hold for now as
      Reuters  -  404 words
  • Page 18 Advertisements
    • 159 18 OUTLOOKof PROPERTY MARKET 2012/2013 TRENDS, OPPORTUNITIES STPROPER"n Seminar 2012 TOPICS SPEAKERS Shoebox Residential Properties in Singapore Risks and Rewards Png Poh Soon Head of Research Consultancy, Knight Frank r H PITFALLS hm jT m tm "M When (and Why) You Should Use a Company to Buy Property "-Hi Eunice Tan
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  • PRIVATE EDUCATION
    • 1383 19  -  Private education institutions will be challenged to meet expectations of students of the Internet age. LEE U-WEN reports U-WENreports LEE U-WENreports IN an age where students are connected to the Internet virtually round the clock, with a seemingly insatiable desire for technology to simplify their lives,
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  • Page 19 Advertisements
    • 59 19 u Global Potential is realised through a good and comprehensive education that prepares students for real-world opportunities. Hsieh Fu Hua Former Chairman SIM Governing Council Members of The SIM Group 'll SIM sim UNIVERSITY pm ir ATinM »|l SIM I PROFESSIONAL W www.simge.edu.sg ilia, On I I 1 r 3
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  • WORLD
    • 787 20  -  Cabinet reshuffle comes as BOJ survey of manufacturers shows sharp drop in business confidence By ANTHONY ROWLEY in Tokyo JAPAN’S Prime Minister Yoshihiko Noda yesterday reshuffled his Cabinet in a bid to keep his Democratic Party of Japan in
      PHOTOS: REUTERS, AFP  -  787 words
    • 456 20 Countries must address ‘ageing mismanagement’, put in place strong laws AFP [TOKYO] Governments around the world must work out how to cope with ageing, a United Nations report said yesterday, warning that developing nations with lots of young workers may one
      AFP  -  456 words
    • 1303 22 Enormous political implications as hydraulic fracturing shakes up world energy markets AP [PITTSBURGH] The Kremlin is watching, European nations are rebelling, and some suspect Moscow is secretly bankrolling a campaign to derail the West’s strategic plans. It’s not some Cold War movie;
      AP; PHOTO: AP  -  1,303 words
    • 306 22 Output of Sumitomo Metal-Nippon Steel 2nd highest globally AFP [TOKYO] Japan’s Nippon Steel and rival Sumitomo Metal Industries formally merged yesterday, creating the world’s second largest steelmaker amid intensifying global competition. The two Japanese firms produced a combined 46.1 million tonnes of crude
      AFP  -  306 words
    • 270 22 AFP [KUWAIT CITY] All seven stock markets in the ener-gy-rich Gulf states failed to recover four years after the global financial crisis despite high oil prices, a Kuwaiti economic report said on Sunday. Although major bourses in the West, where the crisis
      AFP  -  270 words
    • 552 24 It changes deal to ensure plan to keep its top managers does not sink tie-up Reuters [LONDON] Mining group Xstrata gave its long-await-ed blessing yesterday to a revised US$33 billion bid from trader Glencore, bowing to investor pressure by changing the deal to
      Reuters; PHOTO: REUTERS  -  552 words
    • 477 24 Stimulus spending by central banks yet to benefit firms globally Reuters [NEW YORK] US manufacturing grew slightly last month for the first time since May but eurozone factories suffered their worst quarter since early 2009, suggesting the region may struggle to avoid
      Reuters  -  477 words
    • 275 24 Bloomberg [LONDON] Carlsberg, the world’s fourth-biggest brewer, is returning to Thailand after a seven-year hiatus, following Heineken’s successful bid to expand in South-east Asia. Carlsberg is teaming up with Singha Corp to distribute, market and sell its brands in the country, it said
      Bloomberg  -  275 words
    • 180 24 AFP [BANGKOK] Thailand is in talks to host its first ever Formula One race in 2014, the country’s tourism and sports minister said yesterday. “It’s unlikely we’ll have any problem,” Chumpol Silpa-archa said, adding that negotiations with F1’s governing body, the FIA, were more
      AFP  -  180 words
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    • 134 20 1 i TIco®'" 10 1 kik Co 0 0 0 ee d kr-S'""' pa e KowOr 4 iT .,-Wf u^-"" L. < fclT g|| ..I, iBedo* £>el o iS°' 47 o a#* a v*r w SEARCHING FOR YOUR IDEAL HOME IS EASIER ON THE MOVE. Geo-location services let you view
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  • Page 21 Advertisements
    • 753 21 [SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF I REALITY SINGAPORE PTE LTD (“the Company”) (Co. Reg. No. *****5852C) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General
      753 words
    • 2194 21 Notice of Annual General Meeting Ellipsiz Ltd (the “Company") (Incorporated in the Republic of Singapore) Registration No. *****8329R NOTICE IS HEREBY GIVEN that the 17th Annual General Meeting of the Company will be held at 29 Woodlands Industrial Park E1, Lobby 1, #04-03, NorthTech, Singapore *****6 on 18 October 2012
      2,194 words
    • 1910 21 C&tt A 0 SIN GHEE HUAT CORPORATION LTD. Company Registration No.: *****0475Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sin Ghee Huat Corporation Ltd. (the “Company”) will be held at 32 Penhas Road, #01 -01, Singapore
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  • Page 22 Advertisements
    • 1953 22 LASSETERS INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****2223M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Ninth Annual General Meeting of Lasseters International Holdings Limited will be held at Orchid Room, Basement One, Holiday Inn Singapore Orchard City Centre, 11 Cavenagh
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  • Page 23 Advertisements
    • 80 23 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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  • Page 24 Advertisements
    • 1124 24 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TIONG WOON CORPORATION HOLDING LTD (Company Registration No. *****5837C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY given that the Annual General Meeting of the Company will be held at No.15 Randan Crescent, Singapore *****0 on
      1,124 words
    • 14 24 V I SINGAPORE'S hottest hits HEAR THE WANTED'S HOTTEST HITS ONHOTFM 91.3 A a
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    • 6 24 www.omy.sq N MV© More at showbiz.omy.sg
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  • AVIATION/SHIPPING
    • 898 25 Continent is attracting carriers from Brussels to Beijing Bloomberg [FRANKFURT] After decades as the poor relation of global air transport, Africa is attracting carriers from Brussels to Beijing as a commodities boom spurs economic growth. British Airways began serving its 19th destination there
      Bloomberg; PHOTO: REUTERS  -  898 words
    • 357 25 Bloomberg [LONDON] The US is poised to overtake Russia as the world’s biggest exporter of diesel and heating oil for the first time in at least five decades, sending tanker rates to the highest since 2008. Daily exports from the
      Bloomberg  -  357 words
    • 540 25 Crisis worsens as some staff stay away from work Bloomberg [MUMBAI] Kingfisher Airlines yesterday cancelled all flights after some employees stayed away from w o r k year-long crisis at the Indiw orsen i n g a year-long crisis at the Indian carrier struggling
      Bloomberg  -  540 words
    • 221 25 Bloomberg [LONDON] Britain’s Southend airport signed up its third airline customer and is close to recruiting a fourth as the site 87km from London on the North Sea coast seeks to establish itself as a new terminal for the UK capital. German charter carrier
      Bloomberg  -  221 words
    • 255 25 SGX '000 Oct 1 S$ +/-Vol CH Offshore 0.52 0.02 4180 Chuan Hup Hldg 0.25 -0.01 485 Cosco Corp 0.97 unch 4376 s$ Ezra Hldgs 1.24 0.02 6952 First Ship Lea 0.12 unch 282 Freight Links 0.07 unch 497 Grand Banks 0.36 unch 78 Jaya Hold Ltd 0.57
      255 words
    • 1934 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 25 Advertisements
    • 208 25 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE Rate Restoration Effective 1 November 2012 As part of the Business Plan for 2012, the following Participating Feeder Operators wish to inform the trade that all SOC rates between Singapore and the following ports will be increased by the following minimum amounts
      208 words
  • Page 25 Miscellaneous
    • 295 25 CRYPTIC CROSSWORD Across 1 Style the rear in operation here, perhaps (6,6) 8 City of Gold, region found by Pizarro finally (7) 9 Farms managed tailless game (7) 11 Painter’s painter bound to flip about height (7) 12 Cheese plant? (7) 13 Origins of Hell and damnation eternal, say (5)
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  • EDITORIAL & OPINION
    • 503 26 EDITORIAL IT IS possible to shrug off the wave of delistings witnessed so far this year as part of natural market attrition and argue that as long as there is a pipeline of new listings, the net effect is that the market is not
      503 words
    • 826 26  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT SO the Manmohan Singh government has “bitten the bullet” by pushing through a slew of economic reform measures. These include raising diesel and cooking gas prices with
      826 words
    • 1016 26  -  Whoever wins, Democrats and Republicans will finally come to their fiscal senses next year LEON HADAR Washington Correspondent WHILE praising the central banks in the US and Europe for taking steps to help the global economic recovery, Christine Lagarde, managing director
      PHOTO: AFP  -  1,016 words
    • 942 27  -  The region’s cities need 20,000 new dwellings, 250 km of new roads and 6 million litres of potable water each day By LOTHAR HERRMANN The writer is the CEO, cluster Asean-Pacific, Siemens CITIES in Indonesia suffer from overstretched roads, traffic congestion and insufficient power distribution, while those
      PHOTO: REUTERS  -  942 words
    • 912 27  -  By G PANICKER The writer was formerly with BT’s foreign desk THE condition of the Arctic ice has just confirmed scientists’ worst fears about global warming. The earth’s northern ice cap was at a record low this summer. The forecasts of
      912 words


  • Page 28 Advertisements
    • 34 28 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WON G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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    • 30 28 Experienced sh/p maintenance M you y r services services wanted, here in Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML LIUJIIYLJJ IIIVILJ Shipping Times
      30 words

  • SINGAPORE STOCKS
    • 2987 29 Transaction date: Oct 1 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 145 92.5 AIMSAMPIReit 143 +2 338
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    • 165 30 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C’vr
      165 words
    • 8147 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited 0.9791/ Asian Smaller Cos'** 1
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    • 189 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 41.5 25.5 Genting HK US$ US32 unch 8587 32.5 31 32 32.5 2107 Day 228 169 TanChongInt HK214 211 219 4.3 3.3 7.2 4309.7 STOCK PRICES
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    • 996 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124.9 114.4 ABF SG Bond ETF 120cd -0.5 1 120 120 120 123 547.8 127.1 120.4 CIMB APAC Div 100S$D 127 125.9 126.8 103.1 95.8 CIMB
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  • FINANCE & COMMODITIES
    • 636 31 Oct 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8815.07 8829.35 8759.07 Dec12 8875.00 8890.00 8760.00 8785.00 ***** *****4 Mar13 8775.00 40 1053 MSCI TAIWAN INDEX FUTURES SPOT 274.20 274.20 272.29 Oct12 275.20 275.30 272.80 273.70 ***** *****7 Nov12 273.80 273.80 273.80 273.80
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    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Sep 28 Index Change Change Change Change Change Change World Preliminary 914.3 -0.7 10.2 -0.9 4.8 -0.8 10.8 EAFE Preliminary 723.1 -0.9 6.0 -1.1 1.2 -1.0 7.0 Europe Preliminary 1095.1 -1.1 6.7
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    • 112 31 As on 28 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2012 1784.40 1773.50 1774.10 21 INDIA GOLD (E-GOLD) FUT DEC2012 596.15 592.30 595.35 525 CURRENCY EUR-USD FUT DEC2012 1.2970 1.2850 1.2873 3081 BASE METAL COPPER FUT DEC2012 8322 8270
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    • 107 31 Sep 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1601.00 1570.75 1613.75 1559.50 Jan 13 1602.75 1571.25 1614.75 1559.25 Mar 13 1564.25 1524.00 1573.50 1508.50 May 13 1521.50 1479.00 1525.00 1464.5 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 52.18
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    • 70 31 CRUDE OIL PRODUCTS Sep 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.78 0.04 WTI (Near Mth) 92.05 -0.08 Dubai (1-Mth F) 110.17 2.9 Tapis blend 117.06 2.89 Minas 112.21 2.89 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.5 2.39 Jet Kerosene 131.29 2.24 US$/barrel OpecOil Basket
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    • 24 31 Oct 1 S$ Bid Offer 1-month 1.2296 1.2300 2-months 1.2296 1.2300 3-months 1.2296 1.2297 6-months 1.2292 1.2296 Source: OCBC Source: OCBC
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    • 64 31 Sep 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2084.75 2079.50 3 months 2112.00 2108.00 Copper, Grade A(US$/tonne) Cash 8211.50 8180.00 3 months 8205.00 8175.00 Lead(US$/tonne) Cash 2274.25 2261.00 3 months 2280.00 2270.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 31 Sep 28 COCOA (£/tonne) Close Prev High/Low Dec 12 1631 1601 1649/1617 Mar 13 1625 1595 1640/1610 May 13 1632 1602 1647/1619 Jul 13 1638 1608 1652/1626 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2188 2188 2193/2161 Nov 12 2182 2188 2202/2143 Jan 13 2195 2201 2211/2152 Mar 13 2208
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    • 996 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 1.1 0.2 2726 1 32 -3 30.91 1 Price Best World Intl Ltd W*****5 0.3 1
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    • 470 31 Oct 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 6.515 0.806 8.037 54.582 99.410 0.808 11.544 3.177 1.249 98.384 43.299 1.275 8.586 0.974 30.385 31.927 0.642 1.037 Canada 0.982 6.396
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    • 60 31 Oct 1 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 136 31 Oct 1 GOLD(US$/oz) Sep 27 Sep 28 Hong Kong 1764.00 1788.00 Sep 28 Sep 28Sep 27 London 1773.84 1766.28 1775.06 1767.29 Source: Thomson Reuters CAST BAR Oct 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 70 5gm 446 350 10gm 797
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    • 92 31 Oct 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03-Jan-13 0.29 0.22 0.22 6-Month BS*****W 04-Apr-13 0.3 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Oct-14 102.12 102.16 102.16 5-Year
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    • 57 31 Oct 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2350.0 2420.0 2350.0 2290.0 118 3163 Nov 12 2486.0 2461.0 2486.0 2383.0 2957 ***** Dec 12 2552.0 2546.0 2560.0 2449.0 ***** ***** Jan 13 2620.0 2609.0
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    • 154 31 Oct 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2745 1.2750 1.0365 1.0367 Canadian dollar 1.2511 1.2521 1.0180 1.0175 Euro 1.5820 1.5828 1.2866 1.2869 NZ dollar 1.0201 1.0209 0.8296 0.8301 Sterling pound 1.9846 1.9857 1.6140 1.6145
      154 words
    • 121 31 As at 9am Oct 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.279 1.219 Euro 1.614 1.538 Sterling pound 2.021 1.944 NZ dollar 1.047 0.998 US dollar 1.249 1.201 Local dollars to 100 units of foreign
      121 words
    • 154 31 Oct 1 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.3 US$ Offer Bid 7 days 0.23 0.13 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12
      154 words

  • PROPERTY
    • 754 32 It will enter Asian property market next in its aim for a global portfolio Bloomberg OSLO N or w a y s US$650 billion sovereign wealth fund is closing in on its first US real estate investment as the market struggles
      Bloomberg  -  754 words
    • 863 32 Bloomberg [TOKYO] Tokyo Station, the main hub for the city’s business district, unveiled its new rooftop domes yesterday, marking the completion of a 50 billion yen (S$788 million) refit for the nearly 100-year-old building. The two domes, which return the
      Bloomberg; PHOTO: BLOOMBERG  -  863 words
    • 403 33  -  Rapid pace of recovery in city’s residential capital values cited By ZEINAB YUSUF SAIWALLA [SINGAPORE] Private investors here with a track record of international deals revealed that London was their leading offshore investment destination, according to a survey conducted by Cluttons, a
      PHOTO: BLOOMBERG  -  403 words
    • 267 33 Reuters [MANCHESTER] Britain’s opposition Labour Party yesterday urged the government to build its way out of recession, using funds from the sale of the mobile phone spectrum to pay for more than 100,000 cheap homes and a stamp duty freeze for first-time house
      Reuters  -  267 words
    • 390 33 Gazprom Tower, at 463m high, will be Europe’s tallest Bloomberg [DUBAI] Arabtec Holding Co, the United Arab Emirates’ biggest construction company by market value, won a 453 million dirham (S$151.6 million) contract from OAO Gazprom to build Europe’s tallest office tower in
      Bloomberg  -  390 words
  • Page 32 Advertisements
    • 65 32 N I S' S s m N FOR SALE 79 ANSON ROAD 16 th to 23 rd storeys (top floors) Freehold High Quality Strata Offices Strata Area: Approximately 100,007 sq ft 100% occupancy 145 carparking lots Expression of Interest Closing: 23 “1 October 2012 (Tuesday) at 3pm Contact: Investment Properties
      65 words
    • 278 32 KATONG JUNCTION 4-Storey Commercial Building With Basement Carpark 'A it u II 9. Contact: Investment Properties Sammi Urn (CEAReg No: R*****9J) Tel: 9368 9803 6 Battery Road, #32-01, Singapore *****1 Freehold Site Area: Approx 13,346 sq ft Approved Gross Floor Area: Approx. 47,558 sq ft Commercial with Approved Plot Ratio
      278 words

  • Page 33 Advertisements
    • 155 33 Knight *4 Frank CEA Licence No.; L*****36J FOR SALE BY TENDER PAK CHONG BUILDING, 78 PLAYFAIR RD 100% OWNERS’ CONSENSUS road a ROAD irv/^2 LEONG HUAT BUILDING Chia Mein Mein (R*****6B) 9117 4522 Kelvin Chan (R*****7C) 9654 5980 FH, Business 1, GPR 2.5 Land area 2,395.2 sm Approx. 250m to
      155 words
    • 68 33 For Sale By Tender Freehold Industrial Building •Off Upper Paya Lebar Road •Site Area approx 23,381 sq ft •Gross Floor Area approx 62,375 sq ft •Zoned ‘Business 1’, Plot Ratio 2.5 •Short walk to Tai Seng MRT Station •With basement carpark lots Tender Closing: Thursday, 18 October 2012, 3 pm
      68 words
    • 73 33 Freehold Site in District 11 For Landed Housing Development Exclusive Bukit Tunggal GCBA Chancery neighourhood Site Area 9,696.3 sm (104,370 sf) Within 1 km to ACS (Barker) Near Mt. Pleasant Station on proposed Thomson Line Near shopping medical hub in Novena Not To Scale. For Reference Only Tender Closing: Tuesday,
      73 words

  • Page 34 Advertisements
    • 112 34 Asset Management Wealth Management Asset Services Pictet announces the granting of its Hong Kong banking licence. The latest milestone in its presence and expansion in Asia. T I ’SAp’T f I* 'A* T? r I' ‘V ■>. *i V'- **4j( u •‘V ,V# V i/ IV. I t V. ms,.
      112 words